Dec

21

  I hope everyone is alright in this another of this year's crashes and cane events. I want to send a thanks to R. Vince and his work on risk management, which is the most important part of trading and for his comments on the subject here on Dailyspec. While one always likes to buy near the bottom, it is too easy to get over leveraged, especially in these multiple sigma events, and get hurt before the inevitable bounce comes.

Jim Sogi writes: 

But you must, MUST be loading up here. You have to.

New highs will come and be well-exceeded, and likely in 2019. Every major market crack has been exceeded. This is pure emotion, Mr. Market making hay out of the imminent impeachment 6 months away.

This is not a game of brains but of patience and nerve. I hate it. I would have been happier as a bad priest.


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